Blockchain in Spain used to block corruption !

From smarter registration and tracking of transferred crypto-asset transactions to using an AI application (that researchers from the University of Valladolid have been focusing on) which generates early warning systems and traces probability of corruption; Spain is tightening its grip on corruption monsters by using technology this time.

A Spanish blockchain company that is leveraging Ethereum for fraud-reduction and a better nose on verifiability and auditability of digital transactions – is one more example of the leaps that this region is taking in embracing both blockchain and its corruption-control potential.

While the EU, via the EU Blockchain Observatory and Forum and 80 million euro worth of investments in various related projects is already on this track, Spain is following suit by tapping EU-wide blockchain and AI applications for combating corruption.